Lot 258HAMILTON, ALEXANDER
Document signed as Secretary of the Treasury. [Philadelphia:] 27 August 1794. Two page manuscript document on the recto and verso of one sheet of a legal length bifolium, with the paper covered wax seal of the Bank of United States and the paper seal of the Department of the Treasury to verso, the document signed in full "Alexander Hamilton/Sec. of the Treasury", also signed by Thomas Willing as president of the bank and John Kean as cashier. The sheet 15 1/2 x 9 3/4 inches (40 x 25 cm); formerlly framed open to 15 1/2 x 19 3/4 inches (40 x 50 cm). Very well preserved overall with dark text and intact seals, short tears at fold ends, there are three later prints present, two of which are tipped-onto the document, one on the recto depicts the Bank of the United States, the other two on the verso with a classical depictionof Hamilton after Inman and a portrait of Willing.
Hamilton signs "Articles of Agreement" between himself as Secretary of the Treasury and the President of the Bank of the United States enacting the 1794 law "An Act making appropriations for certain purposes therein expressed" allowing the President of the United States to borrow one million dollars on the credit of the United States. The act refers to the approved acts of March and June of that year appropriating funds in support of the military establishment, namely the improvement of forts and garrisons at the recommendation of Henry Knox, and this act is an extension of that. Such documents are scarce and we trace very few similar examples at auction.
C Property from a Private New Jersey Collection
Sold for $22,500
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